Here are some worthy tidbits — from a prediction of a recessionary echo to a call for merit-based appointments of judges, with thoughts about international trade, the Greek debt crisis and Occupy Portland thrown in for good measure.
- Tim Duy on Oregon's Economy: The Oregonian cites Duy's report on a small improvement in Oregon's economy in September, but not enough to allay fears of an echo recession. The way Duy, from the University of Oregon, put it: "...I become very cautious that, in fact, a recession is brewing beneath the surface." He said the European financial crisis could push Oregon and the United States over the recessionary cliff.
That's not good news for legislators as they head to Salem for "legislative committee days" later this month, including a report to the Joint House and Senate Revenuye Committee on the next state revenue forecast. Duy's comments portend more bad news and that could mean cuts in K-12 education, higher education, cops and prisons and human services, including health care. The further downturn also could put a dent in Governor Kitzhaber's plans for health care and education reform, both of which will be up for consideration in the February 2012 legislative session and both of which rest, at least in part, on decisions about the state budget.